Media: Andreessen Horowitz To Raise $ 450 Million For Its New Crypto Fund Venture firm Andreessen Horowitz (a16z) is set to raise $ 450 million for its second crypto fund. This is reported by the Financial Times, citing two sources familiar with the situation.

Media: Andreessen Horowitz Seeks To Raise $ 450 Million For Its New Crypto Fund

Andreessen Horowitz (a16z) venture capital firm is set to raise $ 450 million for its second cryptocurrency fund. Reported by Financial Times with link for two familiar with the source situation.

According to them, a16z is preparing to announce its new fund this week, but has not yet decided on the maximum limit on the amount of funds raised. It is assumed that the fund's assets will be used exclusively for investments in the cryptocurrency industry.

For its first crypto-focused fund, a16z raised $ 350 million in mid-2018. The company is an investor in firms and projects such as Coinbase, Polychain, Maker, Compound and dYdX. She is also a member of the Libra Global Stablecoin Development Association..

Last November, a16z partnered with Paradigm, Galaxy Digital and Facebook to launch a school of crypto startups.

In May 2018, a16z held a meeting with regulators to try to uncover the potential of cryptocurrency technology to them.

Also, earlier the company made changes to its structure in order to be able to legally invest in crypto startups up to $ 1 billion in capital..

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